Summary Box: Report says Facebook IPO seeks $10B

Published November 30, 2011 by
Technology - General News

BILLIONS AND BILLIONS: The Wall Street Journal says Facebook is looking to raise as much as $10 billion in its initial public offering of stock. According to the report, the amount would value Facebook at as much as $100 billion.

BIGGER THAN GOOGLE: The value would be more than four times the market capitalization that Google Inc. had at the time of its 2004 IPO.

TIMETABLE: It’s expected after April 2012.

Share Post:
N